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Although investing in cryptocurrency is risky, it may also be profitable if done correctly and as a part of a well-rounded portfolio. But what is the best crypto to buy for 2023?
Investing in cryptocurrency is excellent if you want direct exposure to the digital currency market. Purchasing the stocks of businesses exposed to cryptocurrencies is a more secure but possibly less rewarding alternative.
With thousands of cryptocurrencies, it can be confusing for a novice crypto investor to choose one. Here are some crypto projects that might suit your interest.
Zcash (ZEC) is a token comparable to Bitcoin (BTC) but has additional extra capabilities as a supporter. This was made possible by forking the Bitcoin blockchain and focusing on improving anonymity and security.
The altcoin is an alternative cryptocurrency that operates with twice the security and privacy features of Bitcoin to be more effective. You can rest easy knowing that ZEC is a risk-free cryptocurrency with additional hidden advantages exclusive to users.
With a 24-hour trading volume of $109,642,151, ZEC is currently trading for $42.20. In the past day, ZEC's price has dropped -10.4%. As of writing, there are 13 million ZEC coins in circulation, with a total supply of 21 million.
According to analysts, Zcash will cost no less than $84.16 in 2023, with the maximum price expected to reach around $99.74. In 2023, ZEC's average trade price might reach $87.13.
Over the past year, The Helium Network, which attracted a lot of attention after moving to Solana, has seen a significant increase in usage and other indicators. The network's native coin, HNT, saw an increase in volume. Its volume increased throughout the previous week, going from 4.23 million to 5.47 million.
The price of HNT, however, is rapidly declining. Although it's difficult to predict when it will stop, investing in HNT at its lowest point is wise because you may see a significant return on your money.
Additionally, the value of HNT, roughly $3.10, makes it extremely improbable that it will vanish suddenly.
You'll be positioning yourself for a sizable payment whenever the coin starts to rebound. With Helium HNT, you can invest early and gain huge rewards afterward.
Real estate investors have been looking for a cheap investment with access to utilities in the real world. For as little as $100, you can purchase real estate assets backed by NFTs through The Hideaways (HDWY).
The Hideaways offers passive income above 20% APY to investors in fractionalized NFTs. Since they are backed by genuine real estate, these investments will yield higher returns than more conventional projects.
HDWY token owners can enjoy exclusive benefits the team offers, including steady passive income earnings by hosting events in properties.
Website: https://www.thehideaways.io/
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
